By Jeff Mason and Makini Brice DETROIT (Reuters) -Seeking to revive his struggling reelection campaign, President Joe Biden held a rare rally in Detroit on Friday, telling a cheering crowd he wasn’t going to leave the race and warning that Republican Donald Trump poses a serious threat. Biden, 81, is trying to shift the conversation…
By Joey Roulette and Akash Sriram WASHINGTON (Reuters) -SpaceX’s workhorse Falcon 9 rocket was grounded by the U.S. Federal Aviation Administration (FAA) on Friday after one broke apart in space and doomed its payload of Starlink satellites, the first failure in more than seven years of a rocket relied upon by the global space industry….
By Gram Slattery WASHINGTON (Reuters) – A set of conservative policy proposals known as Project 2025 has become a lightning rod for opponents of Republican presidential candidate Donald Trump as they seek to highlight what they say are the dangers of him retaking the White House. Trump has recently tried to distance himself from Project…
By Tim Hepher PARIS (Reuters) -Airbus has launched a performance improvement plan including cost cuts and a freeze on overall headcount in its planemaking business, after recent cuts in targets for aircraft production, industry sources said, citing a memo to staff. Code-named “LEAD!”, the new initiative will urgently tackle an increase in unit costs, which…
(Reuters) – Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website. The new Model 3 long-range variant is priced at $42,490. There were no changes to the prices of the base Model…
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division, sending the company’s shares up 3% before the bell. The third largest U.S. lender reported a profit of $1.52 per share in the…
By Iain Withers and Aby Jose Koilparambil LONDON (Reuters) – Aviva, Legal & General and M&G are ramping up investments in rental homes in Britain, betting on long-term returns in a market where housing demand far outstrips supply, even though the country’s new Labour government could impose tougher regulations. Institutional investment in Britain’s rented housing…
By Alexandra Alper and Christopher Bing WASHINGTON (Reuters) -Republican lawmakers asked the Biden administration for an intelligence assessment of Microsoft’s $1.5 billion investment in UAE-based artificial intelligence firm G42 over concerns about transfer of sensitive technology and G42’s historic ties to China. Representative Michael McCaul, chair of the House Foreign Affairs Committee, and John Moolenaar,…
(Reuters) -Tesla is delaying the launch of robotaxi by about two months to October as the design team was told to rework some elements of the car, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla, which is betting on self-driving vehicles over less-expensive cars, closed more than 8% down…
ROME (Reuters) – Foreign Ministers from the Group of Seven (G7) major democracies on Thursday denounced Israel’s move to expand its settlements in the occupied West Bank, saying it was “counterproductive to the cause of peace”. Israel announced last month that it was going to legalise five outposts in the West Bank, establish three new…
